Fashion Executive Lavigne
Pleads Guilty in Fraud Case

By

Judith Burns Dow Jones Newswires

Updated Aug. 3, 2001 11:59 p.m. ET

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WASHINGTON -- Elliot Lavigne, the fashion executive who built the FUBU brand, has agreed to plead guilty to a single count of money laundering and forfeit at least $1 million of fraudulent trading gains, federal prosecutors said Thursday.